District Judge Analisa Torres denies the SEC’s motion to appeal its previous loss against Ripple Labs, stipulating that the regulatory body failed to showcase controlling questions of law or substantial grounds for differences of opinion.
While Ripple Labs celebrates the decision with XRP’s price seeing an approximate 5% uplift, a trial set for April 2024 looms, indicating that the legal tangle between the SEC and Ripple is far from settled.
In a meticulous and potent ruling, District Judge Analisa Torres has debunked the United States Securities and Exchange Commission’s (SEC) motion to appeal against Ripple Labs, the notable firm behind the eminent XRP token. The underpinnings of this pivotal judicial decision resonate with substantial implications for the intertwined domains of cryptocurrency and regulatory oversight.
Ripple Scores a Victory ! SEC’s Appeal Denied, XRP Surges 5%.
Judge Torres holds the line on crypto oversight. #Ripple and #XRP primed for the Trillion-dollar

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